RT Coinbase Markets 🛡️ (@CoinbaseMarkets)December just got major for altcoin traders.December 5: 24/7 trading goes live for all altcoin monthly futures from Coinbase DerivativesDecember 12: New US perpetual-style futures launch for all altcoinsAssets launching:→ Shiba Inu $SHIB→ Avalanche $AVA→ Bitcoin Cash $BCH→ Cardano $ADA→ Chainlink $LINK→ Dogecoin $DOGE→ Hedera $HBAR→ Litecoin $LTC→ Polkadot $DOT→ SUI $SUI→ Stellar $XLMThese futures contracts are offered by Coinbase Derivatives and will be available to ...

Core Insights - Litecoin price closed October at $99, gaining 3% as the U.S. welcomed its first Litecoin ETF, the LTCC fund, which began trading on October 28 [1] - The cumulative total net inflow for LTCC reached $719,970, with a total traded value of $802,260 and total net assets of $1.64 million as of October 31 [1] - Litecoin's ETF performance is lagging compared to Solana and Hedera, with Solana's fund amassing $199 million in inflows and $502 million in net assets, while Hedera's ETF recorded $44 million in inflows and $45.93 million in assets [2] Market Dynamics - Litecoin's correlation to Bitcoin appears to limit demand for the LTC ETF, with Bitcoin ETFs experiencing net outflows of $191 million on Friday, contributing to total withdrawals exceeding $1 billion in the last three days of trading [2] - Stake.com, a major crypto gaming platform, accounts for nearly 16% of daily Litecoin on-chain transactions, indicating continued demand in online payment ecosystems [3] - Litecoin records an average of 200,000 daily on-chain transactions, boosted by Stake.com payments integration [4] Transaction Efficiency - The median Litecoin transaction fee remains below $0.0005, positioning LTC as one of the cheapest and fastest networks for high-volume microtransactions [5] - This real-world usage aligns with the trend of altcoins regaining ground in payment utility markets, particularly in regions adopting low-fee payment rails [5] Price Analysis - Litecoin's recent rally toward $99.00 reflects improving sentiment after weeks of turbulence, with LTC/USD trading just below the upper Bollinger Band at $101.28 [6] - The Parabolic SAR indicates lingering bearish sentiment at $109.97, while the Relative Strength Index (RSI) is trending upwards to 49.5, suggesting a potential shift in market momentum [7] - The MACD line has crossed above the signal line, indicating a potential bullish reversal, with LTC price poised to reclaim the $100 psychological mark [7]

Group 1 - Bitcoin's rally attempt has stalled again, failing to hold above $116,000, with prices dropping to $112,700, down nearly 2% over the past 24 hours [1] - Ether has fallen 4%, dropping below the $4,000 level, while the broader crypto market showed mostly negative performance despite new spot ETF listings in the U.S. [2] - Crypto-related stocks initially showed gains but faded sharply into the red by the end of the session, with notable declines in companies like Bitfarms, CleanSpark, Hive, and Galaxy [4] Group 2 - Analysts from Bitfinex warned that Bitcoin's correction may not be over, indicating that it needs to hold above the short-term holder cost basis at $113,600 to confirm a constructive shift [5] - Failing to sustain above the $113,600 level poses a risk of a deeper retracement to around $97,500, which is seen as the likely lower bound of the current consolidation range [6]

New crypto ETFs tracking Litecoin, Hedera and Solana generate $65 million in day-one trading volume https://t.co/GTUObgHIDZ ...

Crypto things you might have missed:-BTC pumps on Government shutdown!😂-Important Ripple $XRP news-Big announcement for @hashgraphgroup (on Hedera)-Trump stablecoin USD1 to go live on Aptos @worldlibertyfi-SOL ETF approvals next weekLIVESTREAM LINK IN BIO ...

Regulatory Landscape & ETF Approvals - SEC approved generic listing standards, accelerating spot crypto ETF approval process [5][6] - These standards allow exchanges to list ETPs holding spot commodities without individual SEC approval, given criteria are met [6][7] - SEC considers almost every crypto a commodity, paving the way for altcoin ETFs [6] - Bloomberg analysts anticipate a wave of spot crypto ETP launches [8] - SEC is exploring an innovation exemption framework for DeFi platforms [11] - CFTC launched an initiative to enable trading of spot crypto asset contracts on registered TradFi futures exchanges [11] Altcoin ETF Market & Potential - Grayscale's Digital Large Cap Fund (renamed Coindesk Crypto 5 ETF) was approved, containing BTC, ETH, XRP, SOL, and ADA [9] - Rex Osprey listed ETFs for XRP and Dogecoin, with the XRP ETF having a strong opening day [10] - Potentially 12 altcoins meet SEC's minimum listing criteria due to futures listings on Coinbase, including LTC, BCH, DOGE, DOT, SHIB, AVAX, LINK, XLM, SOL, HBAR, ADA, and XRP [10] - There have been 91 altcoin ETF applications, with 11 already approved [10] Timeline & Impact - New ETF approval process (S1 form) has a 75-day approval window, potentially leading to approvals around December 1st [11] - Many pending altcoin ETFs have approval deadlines in mid to late October [11] - Short-term impact of altcoin ETFs is uncertain, depending on attention drawn to the altcoins [11] - Long-term impact depends on inflows these altcoin ETFs receive [11]

Crypto things you might have missed:-XRP & DOGE ETFs shock Wall St!😱-Let the pros custody your crypto @iTrustCapital-Solana to become as fast as Google-ADA to break the internet-PYUSD is now live on @StellarOrg-Hedera’s governance OFAC-alignedLIVESTREAM LINK IN BIO ...

Crypto Market & Regulation - Grayscale files for three new crypto ETFs, including Litecoin, Bitcoin Cash, and Hedera offerings [1] - Belarus' President urges the country's financial sector to accelerate crypto adoption [1] Economic Indicators - The U S economy created nearly 1 million fewer jobs than previously reported [1] Media & Sponsorship - "CoinDesk Daily" is hosted by @JennSanasie [1] - @MidnightNtwrk sponsors the CoinDesk media network [1]

Cryptocurrency Integration - Binance completed the integration of Hedera (HBAR) and Sui (SUI) on the BNB Smart Chain (BSC) Network [1] Cryptocurrency Deposits and Withdrawals - Binance opened deposits and withdrawals for Hedera (HBAR) and Sui (SUI) [1]

Core Viewpoint - The recent surge in cryptocurrency prices, particularly Bitcoin, is driven by institutional investments, regulatory developments, and market sentiment, marking a potential new phase in the bull market for digital assets [1][2][4][5]. Group 1: Price Movements - On July 14, Bitcoin surpassed the $120,000 mark, reaching a peak of $123,100, with a 24-hour increase of nearly 4% [2]. - Bitcoin has seen a cumulative increase of nearly 30% since the beginning of the year, while gold has risen approximately 28% in the same period [4]. - Other cryptocurrencies such as Ethereum, Solana, and Stellar have also experienced significant price increases, with Stellar rising over 90% recently [1][2]. Group 2: Market Dynamics - The cryptocurrency market experienced over 129,000 liquidations in the past 24 hours, amounting to $744 million, with short positions accounting for $623 million of this total [2]. - Institutional demand remains strong, with record inflows into Bitcoin ETFs, including a single-day inflow of $1.18 billion, indicating robust market interest [5][6]. Group 3: Regulatory Developments - The U.S. House of Representatives is set to debate several cryptocurrency bills aimed at providing clearer regulatory frameworks for the digital asset industry, designated as "Cryptocurrency Week" [5]. - Proposed legislation includes the Clarity Act, Anti-CBDC Surveillance State Act, and the GENIUS Act, which could establish comprehensive regulations for stablecoins and digital asset custody [5]. Group 4: Future Outlook - Analysts suggest that if Bitcoin can maintain its position above $119,000 to $120,000, it may signal the beginning of a new bull market phase, potentially paving the way for prices to reach $135,000 to $140,000 [4]. - Some experts predict that Bitcoin could reach $200,000 by the end of the year, driven by sustained institutional demand and limited supply [4].